REAL ESTATE

Renting cheaper in all but one Tri-Cities area county

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February’s Rent vs. Buy Report comes down on the rent side in Tri-Cities area counties with one exception. Hawkins County was neutral for the month, down from a 1% cheaper to rent position in January. The report calculates median buying… Read More ›

Tri-Cities home flipping market softer in 2018, but not by much

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House flippers are some of the unsung heroes of the local housing industry. Last year they accounted for just under 10% of the region’s home sales. And most of those homes were sold below the median single-family or townhome resale… Read More ›

Tri-Cities single female v. single male home buyers; how many, what home value?

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You have to hand it to the folks at Attom Data Solutions. They’re very creative and quick to use housing data in unique ways. Today – Valentine’s Day – is a good example. If you read much of the mass… Read More ›

Tri-Cities housing demand higher than U.S. average; inventory moving slower

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Supply continues to be the strongest headwind the Tri-Cities housing market is bucking as demand increases and marketing conditions are heating up from what they were last year. January’s Realtor.com Market Hotness Index shows listing in both of the region’s… Read More ›

Tri-Cities seriously underwater properties increase, equity rich properties decline

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Equity-rich is a sweet spot for mortgage holders and there were almost 20,000 of them in the Tri-Cities during the last three months of 2018. And when combined with mortgaged properties that are seriously underwater it’s a snapshot of how… Read More ›

In January it was cheaper to rent than buy in Tri-Cities counties

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The Realtor.com Rent vs Buy Report compares median monthly costs of renting and buying relative to median incomes. Buying costs are calculated based on realtor.com county-level residential listing price data for December 2018. Rental prices are sourced from the US… Read More ›

Kingsport-Bristol home sellers pocket 33.7% profit from original purchase price in 2018; Johnson City gains up 27.9%

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Remember those surveys that said 2018 was a good time to sell your home? They were right. The average home price gains since the purchase were the most profitable in a decade and the Tri-Cities numbers are no exception. Sellers… Read More ›

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